The British throne seems to have been bitten by the global slump bug. It's evident from the fact that Prince Charles and Camilla slashed their personal spending by about $1 million last year.

The British throne seems to have been bitten by the global slump bug. It's evident from the fact that Prince Charles and Camilla slashed their personal spending by about $1 million (American) last year, reports the Guardian.

The royal blood, known for exploiting the British taxpayers, spends lavishly on vacation trips abroad.

The past two foreign long-haul trips to the Far East and South America cost just over £2 millions. But the royals have now tightened up their belt by Prince Charles skipping his usual ski holiday to Switzerland and Camilla also scrapping her annual sailing trip to Greece.

They have also reduced spending on their pricey clothing to save another million pounds of their masses. Post this draconian cutback a downsize of about $3.4 million in the personal spending habits of the British throne was witnessed.

The annual accounts of the throne showed that the Prince spent £6.2 million on staff salaries, £65,000 on his gardens and more than £500,000 on official entertaining and receptions.

It seems there's more scope to this cutback as the royals can still manage to chop their luxuries by another million or a two, relieving their taxpayers.